Indian insurance industry is expecting legislative measures...
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“JLT Independent has premium placements exceeding Rs 1000 cr in a span of three years’’
Employee Benefit insurance market in India for India placed programs will be around Rs 20,000 cr.Group Health will be the largest segment in EB followed by Group Personal Accident and Group Term Life.Increasing number of corporates are buying employee benefits programme to keep up their benefits offerings with their peers and emerging needs of the workforce
Amazon considering UK insurance comparison site
An Amazon price comparison website for insurance products would be a potential challenge to existing UK sites given the U.S. company’s cutting-edge technology, reach and loyal customer base
IRDAI forms panel to review regulations on surveyors & loss assessors
Such changes may be necessary in order to ensure alignment and clarity of the regulatory framework in relevance with the dynamics of the profession of Surveying and Loss Assessment vis-à-vis the Indian insurance sector, said, Sujay Banarji, Member (Distribution). IRDAI.
Lloyd’s launches Digital Distribution Platform`Lloyd’s Bridge’
Lloyd’s Bridge is an online platform that matches insurance businesses with underwriters from the Lloyd’s market, enabling these businesses to underwrite certain policies on behalf of Lloyd’s as Lloyd’s coverholders.*
IRDAI forms high-level panel to review regulations on Insurance Marketing Firm
The panel will recommend guidelines by July 31 on the areas on which the existing regulations are silent and ways to further strengthen the channel by taking up the products which fall under the jurisdiction of other financial sector regulators, including creating avenues for discussions with the other regulators, said Sujay Banarj, member(Distribution), IRDAI
IRDAI doubles capital requirements for broking companies
The new regulations, which have been unveiled on Wednesday, have specified Rs 75 lakh, Rs 4 crore and Rs 5 crore of capital for direct broker, reinsurance broker and composite broker respectively
New Insurance Broking Regulations soon: IRDAI Chief
On the growth and contribution of insurance broking, Vijayan said of insurance broking sector contributed around Rs 30,000 crore to Rs 1.28 lakh crore of non-life insurance premium last year
Narayana Murthy’s Anviti Insurance Brokers Launched
“Insurance has not yet penetrated in a major way in India, both at the corporate and personal levels. As India develops, more corporations would need to be covered by insurance. Hence, insurance companies have tremendous unexplored value.”N.R. Narayana Murthy